Chinese Police Arrested Over 540 Individuals involved in Online Crypto Betting worth $1.5 Billion
Jul 14, 2018 at 10:35News
The Chinese police in the Guangdong city have confined hundreds of people in online gambling platforms which enabled betting with over $1.5 billion in cryptocurrencies such as bitcoin and ethereum. A law enforcement operation that involved 21 strong public security authorities in the city of Guangdong has battled football gambling during the Russia world cup football competition which resulted in the massive arrest of 540 people that were suspected of managing online gambling rings.
Crypto to be Treated as a Commodity in India as Lifting of Ban is Underway
Jul 14, 2018 at 09:56News
India's government official has revealed that the country's Authorities are more likely to consider cryptocurrency ban and start treating them as commodities. Citing a superior government official who is more involved in the currently happening regulatory discussion in the cryptocurrency periphery, India is more unlikely to oblige a blanket ban on cryptos regardless the latest-enforced central bank authoritative command that forbids banks from offering services to the various burgeoning sector.
U.S President Invested in Cryptocurrencies, That's the Reason He Isn't Banning Them
Jul 13, 2018 at 09:37News
Far back in October last year, a large number of anti-bitcoin strong statements were made by the Donald Trump Administration, that alluded the U.S. President could go forward to put a ban on cryptocurrencies such as Bitcoin, Ethereum before his term of office ends. As per now almost completing 2018 and still have no official word from the President concerning cryptocurrency, we should begin to question why there is no ban has been set.
Walmart Plans to Use Blockchain Tech to Solve Package Delivery Problems
Jul 12, 2018 at 10:33News
As delivery is one of the most perturbing issues of online retail, Walmart is planning to solve the enigma one blockchain patent as per now. The Bentonville, Arkansas-headquartered big-box retailer was heavily awarded a patent on July 5 detailing an invention looking on the delivery of all packages plus scheduling the delivery of these great packages. Dubbed "Delivery Reservation Apparatus and Method" the patent that was filed early 2017 points at delivery hubs that use a public ledger to ascertain effectual capacity and create reservations.
Fake Initial Coin Offerings Tend To Imitate Successful Energy Companies
Jul 12, 2018 at 09:49News
Energy companies have become a very attractive conspiratory cover for many fraudulent initial coin offerings (ICOs). Since the micro-hydropower plant developer Turbulent discovered its name had been used for running an ICO, another well-known company fell victim to the scam scheme.